Tag Archives: years

U.S. consumer prices rose at their fastest rate in nearly four decades in December, with inflationary pressures rippling through the economy as supply chain bottlenecks persisted alongside elevated demand.  The Bureau of Labor Statistics’ December Consumer Price Index (CPI) posted a 7.0% year-over-year increase at the end of 2021 in the fastest increase since 1982. This matched consensus estimates, based on Bloomberg data, but accelerated from November’s 6.8% increase. On a month-over-month… Source link

High-stakes bidding wars. All-cash offers. Limited supply. After two years of scorching growth in the U.S. housing market, will there be a cool-down and possibly a fall in sales and prices in 2022, along with a return to some normalcy? Um, not exactly, several housing experts tell USA TODAY. “Home sales are likely to be slightly lower in 2022 from the anticipated rise in mortgage rates. Home prices, meanwhile, will continue to rise due to the ongoing housing shortage even as demand is clipped a… Source link

After a nearly 29% total return for the S&P 500 this year, history suggests 2022 may see more gains for investors. Truist Advisory Services co-chief investment officer Keith Lerner found that going back to 1950, when the S&P 500 had a total return of at least 25% in a year, stocks usually rose in the following year. The outcome during that 71 year stretch: stocks advanced 82% of the time, or 14 out of 17 instances.  As the data shows, however, it’s not always sunshine and rainbows after a big… Source link

The clock has officially begun on a potential year-end Santa Claus Rally for the stock market.  A Santa Claus Rally is one where stocks climb higher in the final seven trading sessions of a year plus the first two trading days of the New Year. Its precise cause has never been greatly explained — theories range from year-end tax considerations to people spending their fat bonuses to buy stocks to general seasonal effects. Wednesday is the first day in this nine session trek for the markets…. Source link

I was lost and in search of myself after hearing the devastating news on Ars Technica: Google Toolbar had been put down by the search giant after nearly 21 years — longer than most projects the company lets live. (A recent newsletter effort didn’t make it past three months). There was no ceremony, no announcement, no moment of silence, nor any closure — just a “no longer available.” That’s what Google has now on its Install Google Toolbar help page; it tells you how to… Source link

Former NFL wide receiver Josh Bellamy was sentenced to 37 months in prison for a scheme that saw him illegally obtain more than $1.2 million in COVID-19 relief funds.  Bellamy, who last played for the New York Jets in 2019, pleaded guilty to conspiracy to commit wire fraud on June 9. A federal court in Tampa handed down his prison sentence on Friday and ordered him to pay $1,246,565 in restitution and the same amount in forfeiture for the fraudulently obtained funds, according to court… Source link

U.S. consumer prices rose at the fastest clip in nearly four decades last month, underscoring the persistently elevated inflationary pressures in the recovering economy.  The Labor Department’s Consumer Price Index (CPI) climbed by 6.8% in November compared to last year, marking the fastest annual increase since June 1982. This rate matched consensus economists’ estimates, according to Bloomberg data, but accelerated compared to the 6.2% year-over-year rate from the prior month.  Even… Source link

Arkady Volozh Extends Lock-up for an Additional Two Years Moscow and Amsterdam, the Netherlands, December 6, 2021 – Yandex (NASDAQ and MOEX: YNDX) today announces that its founder, CEO and principal shareholder, Arkady Volozh, has agreed to a further lock-up of his Class B shares. Arkady has agreed with Yandex that he (and his family trust) will not sell or transfer any Class B shares during the next two years, ending December 31,… Source link

Moscow and Amsterdam, the Netherlands, December 6, 2021 – Yandex (NASDAQ and MOEX: YNDX) today announces that its founder, CEO and principal shareholder, Arkady Volozh, has agreed to a further lock-up of his Class B shares. Arkady has agreed with Yandex that he (and his family trust) will not sell or transfer any Class B shares during the next two years, ending December 31, 2023. This is an extension of the lock-up agreement that Arkady (and his family… Source link

Just like a smart investor (this is Yahoo Finance after all), entertainer Jay Leno has learned to diversify his skillset. Comedian, talk and game show host (the all-new You Bet Your Life), as well as car collector and host of his own car show, Jay Leno’s Garage, fill out his resume. His adventures in car collecting and “wrenching” on his own car creations are the envy of auto enthusiasts and fans around the world. His collection stands at around 180 vehicles and 160 motorcycles, all… Source link